Insider Selling: SailPoint (NASDAQ:SAIL) General Counsel Sells $637,420.85 in Stock

SailPoint, Inc. (NASDAQ:SAIL) General Counsel Christopher Schmitt sold 28,267 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $22.55, for a total transaction of $637,420.85. Following the sale, the general counsel owned 1,132,891 shares in the company, valued at approximately $25,546,692.05. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Christopher Schmitt also recently made the following trade(s):

• On Thursday, October 9th, Christopher Schmitt sold 34,186 shares of SailPoint stock. The stock was sold at an average price of $22.42, for a total transaction of $766,450.12.
• On Wednesday, October 8th, Christopher Schmitt sold 28,841 shares of SailPoint stock. The stock was sold at an average price of $22.45, for a total transaction of $647,480.45.

SailPoint Trading Down 6.7%

SAIL opened at $21.73 on Friday. SailPoint, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $26.35. The company’s 50-day moving average price is $21.16 and its 200 day moving average price is $20.09.

SailPoint (NASDAQ:SAIL) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $264.36 million for the quarter, compared to analyst estimates of $243.41 million. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

Analyst Upgrades and Downgrades

SAIL has been the topic of several analyst reports. Mizuho raised their price target on shares of SailPoint from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. BMO Capital Markets dropped their price target on shares of SailPoint from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Arete Research upgraded shares of SailPoint to a “strong sell” rating and set a $16.00 price target on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. upgraded shares of SailPoint from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of SailPoint in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, SailPoint currently has an average rating of “Moderate Buy” and an average price target of $25.58.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of SailPoint during the first quarter valued at approximately $32,000. Loomis Sayles & Co. L P bought a new stake in SailPoint during the second quarter worth approximately $42,000. State of Wyoming bought a new stake in SailPoint during the second quarter worth approximately $45,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SailPoint during the first quarter worth approximately $49,000. Finally, Quarry LP bought a new stake in SailPoint during the first quarter worth approximately $70,000.

About SailPoint

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.